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Share Name Share Symbol Market Type Share ISIN Share Description
Assetco Plc LSE:ASTO London Ordinary Share GB00B42VYZ16 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 350.00 320.00 380.00 350.00 350.00 350.00 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 5.3 -0.8 -6.3 - 4

Assetco Share Discussion Threads

Showing 1926 to 1950 of 2375 messages
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DateSubjectAuthorDiscuss
30/8/2011
09:47
For now Tez, the others will be here when the SOA news is out and at higher prices.
treacle32
30/8/2011
09:36
Looks like it's just me and you then Treacle. Come on Riddler keep that deramping up on LSE
tez123
30/8/2011
09:08
Auction at 2.50p. Did say someone is buying big on Friday and on the order book.
treacle32
29/8/2011
20:34
The SOA deal could also be announced well before the next court date of 28th September. That date is only for final approval it seems. Documents to be posted this week so maybe even finalisation by mid-September. 'The majority of the investors will still have to agree before the deal can go ahead and it will need final approval of the court on September 28'.
treacle32
28/8/2011
22:43
IMO as thought we will have the scheme of arrangement implemented then fundraising of 10 million. This is exactly a JJB scenario and then do the fundraising at a higher price. The same backers from 10p early this year imo wouldn't want their shareholding too diluted by doing it prior to scheme of arrangement. It's already stated that it is subject to scheme of arrangement. I can see a massive spike and over 10p once SOA is approved and then fundraising at 7-8p possibly. If the spike is replicated as happened in JJB then who knows...that went from 4p to 35p on the CVA news before coming back down to 12p. The large shareholders have asked for the SOA and if approved, they'll stump up the 10 million pounds. There's every reason to predict a spectactular rise on this news as witnessed with JJB. From 25th July RNS:- 'As a result, the Board is pleased to announce it has received a refinancing proposal from the Investor Group that would involve, inter alia, a GBP10m equity injection into the Company and compromises with certain creditors of the Company to be implemented through a scheme of arrangement'.
treacle32
28/8/2011
15:57
When JJB had their CVA approved in February this year the price rocketed in a straight line over a day or so from 4p to around 35p before coming back down to around 12p. Subsquently, fundraising followed. IMO we will experience a significant rise like that too once our SOA is approved in September. And then ofcourse fundraising or takeover may follow afterwards. I'm in for that spike on the SOA news. It was hard to buy on Friday and IMO our rise maybe more lethal with not much of a free float imo.
treacle32
26/8/2011
20:32
'But if they agreed to negotiate with the company on a deal they could walk away with 23.5 per cent. In return they would have drop any further demands for cash, wiping out the £100m plus owed by the firm'. If the above happened then the debt would be reduced from about 140m to only around 32 million. I'm presuming there would be set repayments every month etc. How much would Assetco be worth on the share price? I think it would be quite a bit especially if the bidder is left with 32m + whatever he offers for shares. Current position for bidder would have been to pay 140m + whatever on shares. 32m + 25m for shares (i.e. 10p) = 57 million only to buy the company and satisfy all the major shareholders. Or why not more than 10p and say 15p which would still be only 60 million and 20p being 80 million. Even at 20p it would still be 60 million less on the current position and from the 140m figure. Why not wait for a couple of months and offer 80 million i.e. 20p a share and the bidder saves 60 million too by holding off? As we all know, bids of 20p and more have already been rejected too recently. The debt going is my preferred option and I don't want the takeover just yet otherwise we could end up with around 7-8p. I think there'll be alot more value and anything between 10-20p at the very least here now for those prepared to hold until October.
treacle32
26/8/2011
16:36
Positives for me:- 'But if they agreed to negotiate with the company on a deal they could walk away with 23.5 per cent. In return they would have drop any further demands for cash, wiping out the £100m plus owed by the firm. A hint came from Northern Bank's lawyer after the hearing when he told me that the deal could be "good news" because it could rescue the company and remove most of its debts. He thought investors were " taking a punt" on the firm's future. Once the debt is cleared it then makes the company more attractive to a take over. Nothing more was said in court about a bidder – known to be Arcapita Bank in Bahrain – which suggests they have gone cold on the idea'.
treacle32
26/8/2011
16:33
Judge aids rescue package for " bust " privatised London fire firm A High Court judge came to the potential rescue of AssetCo, the near insolvent owner of London and Lincolnshire's fire engines, by granting the company another month to negotiate an extraordinary deal with its creditors to wipe out debts of over £100m. Mr Justice Floyd, sitting at the Royal Courts of Justice in London, granted applications to adjourn moves until September 28 to wind up the firm in favour of allowing the company to open negotiations with its creditors on a deal that will recover some of their lost investments. Mr Lloyd Tamlyn, for AssetCo, explained that if the company went bust now, the banks and other investors would be lucky to get 0.5 per cent of their money back. But if they agreed to negotiate with the company on a deal they could walk away with 23.5 per cent. In return they would have drop any further demands for cash, wiping out the £100m plus owed by the firm. In effect investors in AssetCo look set to lose some £77m. Since the judge was aware that this case was being reported, AssetCo were careful not to ( as at other hearings) list who is owed what. But from the previous hearing ( where the registrar was not aware he was being reported) the creditors named included state-owned Halifax Bank of Scotland which is owed £12m and energy company, EDF, which suggests AssetCo may not have paid fuel bills for premises they run in London. Others include FD Direct, the Inland Revenue. They will still be big losers. The difference the deal would make is shown by Northern Bank who are owed £1.3m and have been very active in opposing moves by AssetCo to give preferential pay outs to its lawyers and accountants. Adam Goodison, for Northern Bank, who had pressed for the company to be wound up, explained to the court why the firm is now " content" for the deal to go ahead. This followed negotiations that changed the creditor status of Northern Bank, so it could benefit from the proposed pay out. If AssetCo went bust the bank would be lucky to get £10,000 back from the £1.3m they put into the company. Under the revised deal the bank would get back nearer £300,000. The same would apply to other creditors. The question – dealt in passing during the hearing – is where has AssetCo got the cash to even finance this deal? It appears to have come from money raised from international financiers who have given another £10m cash to the company on top of money raised earlier this year which severely diluted its share price to near junk status. At the last court hearing the financiers were named as North Atlantic Value LLP, a part of the J O Hambro Capital Management Group, Utilico Investments Limited and Henderson, which incorporates the interests of Gartmore Investments Limited. A hint came from Northern Bank's lawyer after the hearing when he told me that the deal could be "good news" because it could rescue the company and remove most of its debts. He thought investors were " taking a punt" on the firm's future. The majority of the investors will still have to agree before the deal can go ahead and it will need final approval of the court on September 28 – but the judge's move means that it could get Brian Coleman, Tory chair of the London Fire Brigade, off the hook from seeing London's fire engines owned by administrators. Once the debt is cleared it then makes the company more attractive to a take over. Nothing more was said in court about a bidder – known to be Arcapita Bank in Bahrain – which suggests they have gone cold on the idea. The situation is far from satisfactory and does not rule out a slow death of the company,reflected in its low 2.2p share price, valuing it at £5.52m today. FBU general secretary Matt Wrack said: "Privatising emergency services is stupid and dangerous. The long, slow death of AssetCo is a perfect illustration of this. We still do not know what is going to happen to London and Lincolnshire's fire engines. They are, we believe, going to be the property of AssetCo's creditors when AssetCo finally goes under. I call on the London Fire Brigade and the government to bring the fleet and their maintenance back into public ownership." This blog was trying to contact Tudor Davies, head of AssetCo, for a comment. http://davidhencke.wordpress.com/2011/08/26/judge-aids-rescue-package-for-bust-privatised-london-fire-firm/
treacle32
26/8/2011
16:18
Treacle absolute boll#x, it'l be some holder putting a sell limit on their shares so they can't be lent out to shorters....As to the buyer must be shook?....
grannyboy
26/8/2011
15:29
764,250 buy order on the order book trying to be filled. Someone has also put a 1 million sell order at 4p on the order book. Must be confident of the ask price getting to 4p???
treacle32
26/8/2011
15:00
Now 2.00(1mill) v 2.25(50k)
mrs robinson
26/8/2011
13:18
Better, 2.15-2.25p.
treacle32
26/8/2011
11:46
asset value still offloading down to 8.4 million now last 600k lot sold at 2.22 they are getting more desperate to sell by the looks?
warwick69
26/8/2011
11:41
yes absoultely un real the MM's on this one must be having a great laugh at our expense. I am still long (will win or lose the lot this time) sorry to have been an idiot Treacle just get so annoyed by all these games by MM's ? bet if i put a sell order in at 2.2 or 2.3 the bid would drop further and they would not show my offer to market?
warwick69
26/8/2011
11:38
Aw look 2.40p offer again.
treacle32
26/8/2011
11:37
1.85 to sell now where have all these big buy orders gone Treacle?
warwick69
26/8/2011
11:33
Treacle ah!! the truth hurts does it? This share is not showing any signs whatsoever of going up any time soon
warwick69
26/8/2011
11:30
warwick69 - filtered.
treacle32
26/8/2011
11:29
Why just making comment as you are so bullish and have posted complete rubbish this am stating only one offer at 2.45 then 2.7 and away we go and all it has done since then is fall and fall. yet you still hark on that you can not buy? surely if you wanted to buy you would have just left a 500k order to buy at say 2p or 2.05 and the bid would never have fallen so far? you talk with forked tounge my friend?
warwick69
26/8/2011
11:27
I give up Warwick. Sorry, but you need to get out from this share.
treacle32
26/8/2011
11:25
treacle if it so hard to buy why does it keep going down?
warwick69
26/8/2011
11:21
treacle can buy now if quick
comedy
26/8/2011
11:04
What are you on about? The spread wouldn't be 20%. Thanks to someone else, people having problems buying which is good news...IMO a buyer is around. Tried dummy buys of 500k and 100k via HSDL. Both referred to negotiated trade. Anyone else having difficulty with buying.
treacle32
26/8/2011
11:02
no just so frustrated that there seems to be constant seller each timelooks like going to rally suply is created i guess it must still be same seller trading out which leaves quite an overhang 9 million shares?
warwick69
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